According to Odaily, the LayerZero Foundation announced on X that the third vote regarding the activation of the 'fee switch' has concluded. Due to insufficient voter turnout, the fee switch for the LayerZero protocol will remain inactive. The next voting session is scheduled to take place in six months.

Arkham monitoring shows that about seven hours ago, an address starting with "0xE040" deposited 40 million YGG tokens into Binance, worth approximately $2.65 million. This address is not from an ordinary trader. On-chain analysis suggests that the wallet is likely directly linked to the vault of the blockchain game guild Yield Guild Games (YGG), but it is not yet confirmed whether the YGG team's vault will be sold off.

The LayerZero Foundation officially announced on X that the third vote on opening the "fee switch" has concluded. Due to insufficient quorum, LayerZero's "fee switch" will remain closed. The next vote will be held in six months.

According to BlockBeats, CryptoQuant founder Ki Young Ju has analyzed the distribution of Bitcoin spot order volumes. The data indicates a pattern during Bitcoin's recent price fluctuations: retail investors tend to buy when prices rise, while whales sell; conversely, when prices fall, retail investors sell and whales buy. The market is currently in a phase where prices are declining, and whales are purchasing.

Jan3 CEO Samson Mow stated on the X platform that 2025 will be a bear market, but Bitcoin may be about to enter a bull market that lasts until 2035.

Bank of China completed the first cross-border QR code payment transaction between China and Laos. Under the joint guidance of relevant departments of the People's Bank of China and the Central Bank of Laos, Bank of China was among the first to participate in the cross-border pilot project for digital payment and central bank digital currency cooperation between the two countries. Simultaneously, Bank of China's Vientiane branch was among the first to connect to the People's Bank of China's digital RMB cross-border digital payment platform. Bank of China completed the production verification of QR code payments for merchants in Laos by providing real-time exchange rate quotes and efficient clearing services. This service will significantly lower the threshold for cross-border settlement between China and Laos. Chinese tourists can now make purchases in Laos without exchanging foreign currency; they can simply open the digital RMB app, scan the merchant's QR code, and complete the payment directly in their local currency at the real-time exchange rate. Local Lao merchants can continue using their existing payment methods to achieve compliant and automatic fund transfers without needing to modify their payment equipment.

According to BlockBeats, U.S. President Donald Trump announced on the Truth platform that millions of new pages of information have been discovered in the Epstein case. He stated that the Department of Justice is being forced to dedicate all its time to addressing what he described as a Democrat-driven hoax. Trump instructed the Department of Justice to release the names of all individuals involved.

Coinbase CEO Brian Armstrong stated in a post on the X platform that banks are lobbying Congress to amend the Genius Act. Coinbase will not allow any amendments to this act; it is Coinbase's red line, and they will continue to protect the interests of their customers and the cryptocurrency industry. Armstrong added that he personally predicts that in a few years, once banks realize the enormous business opportunities presented by stablecoins, they will change their stance and lobby Congress to allow stablecoins to pay interest and yield. Therefore, their current efforts are completely futile (and unethical), and the innovator's dilemma remains. Currently, the Genius Act prohibits stablecoin issuers from offering stablecoin rewards, but trading platforms like Gemini, Coinbase, and Kraken can, and this is already included in the existing legislation. If traditional bankers amend the act to prohibit such behavior, it will stifle stablecoin innovation.

Bitcoin reached new all-time highs in October, yet Jan3 founder Samson Mow has described the year as a “bear market” and anticipates a major bull run ahead. source: https://cointelegraph.com/news/bitcoin-bear-market-bull-decade-ahead-jan3-samson-mow?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

JPMorgan Chase freezes accounts of stablecoin startups linked to Venezuela due to high-risk factors. source: https://coincu.com/news/jpmorgan-freezes-stablecoin-accounts/

Grok, Elon Musk’s AI chatbot on X, has been praised by Vitalik Buterin for giving unpredictable responses that challenge users’ political biases and promote more truthful interactions.

A massive hack has struck Trust Wallet, one of the most widely used crypto wallets, resulting in estimated losses exceeding $6 million.

Italy’s competition authority has ordered Meta to allow rival AI chatbots on WhatsApp while investigating possible abuse of its dominant position. Meta plans to appeal, saying the policy protects its systems, but regulators worry it could limit competition and innovation in the AI market.

Nvidia has announced a $20 billion acquisition of Groq’s core assets, a landmark move that strengthens its already commanding position in the artificial intelligence chip market and reshapes the competitive landscape for AI infrastructure.

Keonne Rodriguez, co-founder of Samourai Wallet, began serving a five-year federal prison sentence and shared a personal account of his first days, describing the intake process and adjusting to prison life just before Christmas.

The Philippines has escalated its crackdown on unlicensed cryptocurrency platforms, with internet service providers beginning to block access to major global exchanges, signaling a decisive shift toward stricter enforcement of local crypto regulations.

Pudgy Penguins projected its animated characters on the Las Vegas Sphere for a week-long holiday campaign, promoting its physical products rather than NFTs. The display helped the crypto-born brand reach mainstream audiences, supporting merchandise sales and boosting recognition despite a struggling NFT market.

Kraken has officially launched the Krak Card, a Mastercard crypto debit card for residents living in the EU countries and the United Kingdom. The Krak card would allow users to spend more than 400 cryptocurrencies and fiat currencies seamlessly.

Trust Wallet confirmed a security incident affecting version 2.68 of its Chrome extension after users reported unauthorised wallet drains following a recent update. The company told users to disable the extension and upgrade immediately, saying its mobile app and other versions were not affected while the investigation continues.

Kyrgyzstan has taken another step toward embedding digital assets into its financial system after cryptocurrency exchange Binance listed the country’s first som-pegged stablecoin, a move that signals growing state-level confidence in blockchain-based payments and infrastructure.